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June 17, 2005

If GM Goes

Rare as it may be, Tom Friedman's got it right today.  If GM does go down the toilet, and if Toyota does step forward with the plunger, it'd be a good thing for us all.  Pushing Toyota's hybrid technology into all manner of GM vehicles, arming all the GM brands with fuel-efficient engines, the end result would be wonderful for our dependence of oil.  On the other hand, it'd be reallty bad for universal health care as GM is the most powerful and important company begging for relief, and if they leave the scene, so will a lot of the business support.  So in that way, GM sets liberal priorities at war.  But as Kevin notes, guaranteeing business support is pretty tricky, so we'd probably be better off not worrying about it.

June 17, 2005 in Energy | Permalink

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» Toyota Buys GM? from CommonSenseDesk
Friedman thinks it might be a good idea for Toyota to acquire GM. [Read More]

Tracked on Jun 17, 2005 1:10:19 PM

Comments

Toyota already builds some of their models in the U.S. (I think somewhere in TN) So does Honda. Mazdas are built in Ford plants. These workers all need healthcare. If Toyota were to take over something like GM, they'll still need to make cars in the U.S. The volume wouldn't sustainably be able to be shipped in from elsewheres. Hence, maybe Toyota would be on board for a healthcare initiative as well.

Posted by: Adrock | Jun 17, 2005 12:01:03 PM

GM's problems are retirees on their health care plan. It's possible, in a buy, that Toyota would have to care for them. At the same time, they may not, and if they don't, they won't have near the urgency GM does.

Posted by: Ezra | Jun 17, 2005 12:35:08 PM

My husband already works for Sony, a Japanese company. He just received a very nice bonus, we have full health care, and many other perks. We're the lucky ones in this country right now. I think most of us may end up working for foreign companies since the execs of our own don't see fit to take care of us. At one point I chose to work full-time specifically for heath care benefits, when I was making a lot more money consulting. It's not right that my income was limited because the country can't offer the benefits other countries do. The U.S. is sending itself down a dark path by not offering national heathcare and being overly dependent on foreign oil imports. GM should have been made to deal with fuel economy years ago, and national healthcare should have been put in place so they wouldn't have to pay those outrageous amounts for their employee's health.

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Posted by: peter.w | Sep 16, 2007 9:59:56 PM

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